Fox Corporation beats by $0.09, beats on revs (37.42 +0.16)
- Reports Q3 (Mar) earnings of $0.76 per share, excluding non-recurring items, $0.09 better than the S&P Capital IQ Consensus of $0.67; revenues rose 11.7% year/year to $2.75 bln vs the $2.61 bln S&P Capital IQ Consensus.
- Cable Network Programming reported quarterly segment revenues of $1.38 bln, an increase of $58 mln or 4% from the amount in the prior year quarter primarily due to increases in affiliate and advertising revenues.
- Advertising revenues increased $10 mln or 4% primarily reflecting higher digital sales at FOX News and stronger ratings for daily studio programming at FS1